Companies are asking Congress to repeal a tax code change that requires businesses to spread their research-and-development costs over five years rather than deduct them immediately. As The Wall Street Journal reports, in a letter dated Nov. 4, 178 chief financial officers, primarily from large U.S. companies including Ford, Raytheon Technologies, Lockheed Martin and Boeing,
US companies call on lawmakers to repeal R&D tax code change
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
